Bloomberg
Skittishness about a legal battle similar to the one after the 2000 election, as well as anxiety about a possible terrorist attack before the election, kept many investors from buying ``riskier'' emerging-market currencies, said economists such as Alberto Bernal, head of Latin America research at IDEAglobal, an economic research firm.
``We were seeing a lot of nervousness before the election, and when things get tough, investors search for safe havens,'' Bernal said. ``Brazil is not considered a safe haven, and neither is Mexico, but now the search for yield has become the main theme again.''
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